Live Markets »News & Advice»Market News»Market News Details
Market News Details
Back

Gold rises Rs 150 to Rs 31,950/10 grams on jewellers' buying, silver slips

Press Trust of India/New Delhi 13 Jun 18 | 03:18 PM

Reversing a two-day falling streak, gold prices climbed by Rs 150 to Rs 31,950 per 10 grams at the bullion market today on fresh buying by local jewellers even as the metal weakened overseas.

Silver, however, succumbed to selling pressure and shed Rs 10 to Rs 41,550 per kg.

Related Stories

    No Related Stories Found
Widgets Magazine

Traders attributed the recovery in gold prices to increased buying by local jewellers at domestic spot markets. However, a weak trend overseas, as investors await outcome of the US Federal Reserve policy meeting, limited the rise.

Besides, depreciating rupee against the dollar made imports of gold costlier, which supported the uptrend, they said.

Globally, gold fell 0.15 per cent to USD 1,293.20 an ounce and silver declined by 0.21 per cent to USD 16.80 an ounce in Singapore.

In the national capital, gold of 99.9 per cent and 99.5 per cent purity surged by Rs 150 each to Rs 31,950 and Rs 31,800 per 10 grams, respectively. It had lost Rs 250 in the last two days.

Sovereign, however, remained unaltered at Rs 24,800 per piece of eight grams.

On the other hand, silver ready slipped by Rs 10 to Rs 41,550 per kg and weekly-based delivery fell Rs 40 to Rs 40,620 per kg.

Silver coins, however, remained steady at Rs 76,000 for buying and Rs 77,000 for selling of 100 pieces.

Widgets Magazine

Sensex

Company Price Gain (%)
Sun Pharma.Inds.576.303.91
M & M908.152.78
H D F C1,902.402.54
Axis Bank524.652.22
Bharti Airtel374.601.74

Poll

Currently No Poll Available.

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine